Two-Bedroom Residential Income
For Sale
$329,000
6002 S Jessenia Ln, Boise, ID 83709
Granite finishes, stainless appliances, in-home laundry, and HOA-maintained community amenities are included.
Property Size1,060 SF
Price / SF$310.38
Days on Market37
Property Features for 6002 S Jessenia Ln
General Information
Standard status
Active
Size
1,060 SF
Property subtype
Multi-Family
Amenities
clubhouse access
work out room
Building Details
Year Built
2021
Listing Agency:
Fathom Realty
Listed By:
Janelle Anderson · License #SP42574
(208) 939-5151
Source:
Refinedrealtynw
Added: Aug 9
Changed: Sep 11
Last Checked: Sep 13 at 1:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fathom Realty
Investment Insights
Based on property information with market context.
This 1,060-square-foot townhouse offers two bedrooms and 2.5 baths in a well-maintained, one-owner home. The interior includes a washer and dryer, refrigerator, granite kitchen countertops, and stainless steel appliances. The residential layout is suited to an income-property buyer seeking an established townhouse asset.
The HOA covers trash service, community maintenance, and landscaping. Ownership also includes access to a clubhouse with a workout room. The property is located at 6002 S Jessenia Ln in Boise, Idaho. A seller-provided home inspection dated March 2026 is available to the buyer after an accepted offer.
The HOA covers trash service, community maintenance, and landscaping. Ownership also includes access to a clubhouse with a workout room. The property is located at 6002 S Jessenia Ln in Boise, Idaho. A seller-provided home inspection dated March 2026 is available to the buyer after an accepted offer.
Key Highlights
- Two‑bedroom townhouse with 2.5 baths
- 1,060 square feet of living area
- Kitchen features granite countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,141
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$222,820
$222.8K
Cap Rate 7%
$159,157
$159.2K
Cap Rate 9%
$123,789
$123.8K
Market Conditions
NOI Build-Up for 1,060 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$20.5K $19.32/SF
− Vacancy
−$223 −$0.21/SF
EGI
$20.3K $19.11/SF
− OpEx
−$9.1K −$8.60/SF
NOI
$11.1K $10.51/SF
Area
Ada County, ID
Vacancy
1.09%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$222,820
Cap Rate 7%
$159,157
Cap Rate 9%
$123,789
Alternative Uses
Best Use
Apartment 5plus
$159.2K
$139.3K – $185.7K
NOI $11,141 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$292.7K
$256.2K – $341.5K
NOI $20,492 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
Explore this area
Business Placement
Demographics for 83709, ID
59,461
Population
22,262
Households
2.7
Avg Household Size
38
Median Age
37%
College-Educated
96%
High-School Grad
33.7 sq mi
ZIP Area
1,764
Density / Sq Mi
$88,893
Median Household Income
$48,981
Median Earnings
$1,743
Median Rent
$440,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Granite finishes, stainless appliances, in-home laundry, and HOA-maintained community amenities are included.
Where is this residential income property located?
The property is located at 6002 S Jessenia Ln Boise, ID.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Two‑bedroom townhouse with 2.5 baths; 1,060 square feet of living area; Kitchen features granite countertops and stainless steel appliances
